Prepare the master budgets for a manfacturing company for the year $2022$ using the following data

Material per unit: $3$ kilogram

Material price: SR $4$

direct labor hours to produce one unit $=2$ hours

The direct labor rate per hour is SR$5$

The variable overhead rate per Direct Labor hour is SR$4$

The quarterly fixed overhead cost is estimated at SR$12,000($includes SR$2000$ depreciation$)$

The cost of package is SR$2$ per unit and the sales commission is $5\%$ of the sales revenue.

The quarterly fixed marketing cost is SR$20,000($includes SR$5000$ depreciation$).$

The quarterly administrative expense is SR$30,000($includes $5000$ depreciation$).$

The cash sales is $40\%$ of sales and the credit sales is $60\%$ to collected next quarter.

$70\%$ of purchases is cash and $30\%$ is on credit to collected next quarter $($the cost of purchases for the

fourth quarter $2021$ was SA$60,000)$

The company intend to has minimum cash balance at the end of each quarter SA$10,000,$ in case of the

end cash balance is less than SA$10,000,$ the company will borrow by annual interest rate $12\%,$ and

repay if there is sufficient cash.